CC Group Correlations

CGPZF Stock

USD 1.77 0.00 0.00%

The correlation of CC Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

CC Group Correlation With Market

Good diversification

The correlation between CC Group plc and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CC Group plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CC Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CC Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CC Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CC Group plc to buy it.

Moving against CGPZF Pink Sheet

0.51	FMX	Fomento Economico	Pair Corr
0.43	WF	Woori Financial Group	Pair Corr
0.36	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.36	BCH	Banco De Chile	Pair Corr
0.62	GOLF	Acushnet Holdings Corp	Pair Corr
0.56	AAUC	Allied Gold	Pair Corr
0.5	TFSL	TFS Financial	Pair Corr
0.47	GSVRF	Guanajuato Silver	Pair Corr
0.47	FCAP	First Capital	Pair Corr
0.37	BAP	Credicorp	Pair Corr
0.67	AZTA	Azenta Inc	Pair Corr
0.52	GOOGL	Alphabet Class A	Pair Corr
0.5	ALTI	Alvarium Tiedemann	Pair Corr
0.39	UNIT	Uniti Group	Pair Corr
0.38	ZCUSX	Corn Futures	Pair Corr
0.38	ARR	ARMOUR Residential REIT	Pair Corr

Related Correlations Analysis

	NJMVF	BAGFF	AEBZY	DTLIF	AEPLF	EDESY	LPRRF	MHPSY	PPLFF	ASAGF
NJMVF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NJMVF
BAGFF	0.0		-0.08	-0.43	0.74	0.27	0.0	-0.22	0.0	-0.44	BAGFF
AEBZY	0.0	-0.08		-0.15	-0.07	0.24	0.0	0.42	0.0	0.41	AEBZY
DTLIF	0.0	-0.43	-0.15		-0.65	-0.78	0.0	-0.41	0.0	-0.26	DTLIF
AEPLF	0.0	0.74	-0.07	-0.65		0.53	0.0	-0.17	0.0	-0.26	AEPLF
EDESY	0.0	0.27	0.24	-0.78	0.53		0.0	0.35	0.0	0.3	EDESY
LPRRF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LPRRF
MHPSY	0.0	-0.22	0.42	-0.41	-0.17	0.35	0.0		0.0	0.49	MHPSY
PPLFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PPLFF
ASAGF	0.0	-0.44	0.41	-0.26	-0.26	0.3	0.0	0.49	0.0		ASAGF
	NJMVF	BAGFF	AEBZY	DTLIF	AEPLF	EDESY	LPRRF	MHPSY	PPLFF	ASAGF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AEPLF	+ 0.74	BAGFF
EDESY	+ 0.53	AEPLF
ASAGF	+ 0.49	MHPSY
MHPSY	+ 0.42	AEBZY
ASAGF	+ 0.41	AEBZY
MHPSY	+ 0.35	EDESY

High negative correlations

EDESY	- 0.78	DTLIF
AEPLF	- 0.65	DTLIF
ASAGF	- 0.44	BAGFF
DTLIF	- 0.43	BAGFF
MHPSY	- 0.41	DTLIF
ASAGF	- 0.26	AEPLF

Risk-Adjusted Indicators

There is a big difference between CGPZF Pink Sheet performing well and CC Group Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CC Group's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NJMVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAGFF	0.02	0.00	0.00	1.29	0.00	0.00	0.00	0.00	0.55
AEBZY	3.76	0.03	(0.01)	(0.03)	4.38	(7.77)	10.34	(9.37)	28.17
DTLIF	1.45	(0.41)	0.00	(1.14)	0.00	0.00	2.19	(4.73)	12.23
AEPLF	0.23	0.08	0.00	0.50	0.00	0.00	0.00	0.00	6.48
EDESY	0.09	0.03	0.00	0.63	0.00	0.00	0.00	0.00	3.03
LPRRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHPSY	0.52	0.08	0.00	(0.21)	0.00	0.00	0.00	0.00	17.28
PPLFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASAGF	1.45	(0.01)	0.00	0.10	0.00	0.00	4.30	(4.17)	14.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in CC Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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